Northam Platinum profit drops on weak prices as output rises

Northam said profit fell almost 30% in the last fiscal year.

Bloomberg News | August 30, 2024 | 7:29 am

Impala chief sees no new platinum mines built in South Africa amid EV threat

Impala is curbing new investment after headline earnings in the year through June 30 plunged 87%.

Reuters | August 29, 2024 | 9:57 am

Nornickel examining impact of latest US sanctions

The US imposed sanctions on several Nornickel subsidiaries as well as on the Bystrinsky copper and gold project.

Reuters | August 26, 2024 | 6:54 am

Nornickel’s first-half profit slumps 22% on weak prices

The Russian miner also grappled with logistical and international payment difficulties.

Reuters | August 23, 2024 | 7:32 am

Sibanye finalizes $101m gold prepayment deal, refinances credit facility

The metals producer's profits tumbled $2 billion last year due to lower prices.

Reuters | August 21, 2024 | 7:23 am

Anglo American to receive coal bids in September

The sale process includes the Grosvenor and Moranbah North mines along with three smaller mines in Queensland.

Cecilia Jamasmie | August 20, 2024 | 4:02 am

Stillwater Critical collaborates with Berkeley Lab on geologic hydrogen production

The Berkeley Lab has secured funding in the amount of $2 million from the US Department of Energy for this study.

Staff Writer | August 15, 2024 | 1:26 pm

Video: ‘Grade smearing’ the top industry disclosure flaw, Brent Cook says

Retail investors can struggle to make sense of drill results, but some junior mining explorers make things worse with misleading reporting practices that inflate the value of their projects, industry veteran says.

Northern Miner Staff | August 14, 2024 | 1:05 pm

Northam Platinum warns of profit fall as low PGM prices persist

Northam's bigger rival Impala Platinum has already said it will report a basic loss of up to 17.8 billion rand.

Reuters | August 14, 2024 | 9:37 am

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Sibanye to slash output to turn around US palladium mines

South Africa’s platinum output back to pre-covid levels on job cuts

EV slump powers platinum supply deficit, investment council says

Hybrid cars throw lifeline to platinum metals

Sibanye flags loss after $420 million US asset writedown

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